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Meta calls it 'grossly unfair'The draft laws, unveiled earlier this year, have been designed to stop social media companies from simply stripping news from local publishers' platformsAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Meta, the parent company of Facebook and Instagram, says it is "vehemently opposed" to Australia's legislation. Photo by KIRILL KUDRYAVTSEV/AFP via Getty ImagesTech giant Meta on Thursday attacked Australia’s “grossly unfair” bid to make social media companies pay for news, saying it is vehemently opposed to the draft laws.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. 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Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorTraditional media companies around the world are in a battle for survival as readers increasingly consume their news on social media.Australia wants big tech companies to compensate local publishers for sharing articles that drive traffic on their platforms.“Our position is clear: this law is poorly designed, grossly unfair, and will fail to deliver a diverse and sustainable news industry,” said Meta, the parent company of Facebook and Instagram.Get a dash of perspective along with the trending news of the day in a very readable format.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of NP Posted will soon be in your inbox.We encountered an issue signing you up. Please try again“We are vehemently opposed to this legislation.“It is discriminatory, economically incoherent, and will not deliver the sustainable news sector that Australian journalists and audiences deserve.”Social media companies including Meta, Google and TikTok will first be given a chance to strike content deals with local news publishers.If they refused, they faced a compulsory levy that amounted to 2.25 per cent of their Australian revenue.The draft laws, unveiled earlier this year, have been designed to stop social media companies from simply stripping news from their platforms.When Canberra mooted similar laws in 2024, Meta announced that Australian users would no longer be able to access the “news” tab.Supporters of such laws argue that social media companies attract users with news stories and hoover up online advertising revenue that would otherwise go to struggling newsrooms.Australia’s University of Canberra has found that more than half the country uses social media as a source of news.The draft laws will be introduced into parliament later this year.Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. 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